Asayel

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Saudi Shares Fund

Saudi Shares Fund (Asayel)

Saudi shares fund, Asayel, is an excellent investment tool to achieve good return on capital on over a long-term period. It is designed to invest in shares of Saudi companies listed in the Saudi exchange, the activities of which conform to the rules and controls set by the Sharia Supervisory Board at Bank AlBilad. This fund is distinguished by generating competitive returns while maintaining risk levels within normal acceptable limits.The Saudi stock market is known to be the most attractive investment channel for investors. The market index hit record levels during the last few years reflecting improvement performance of the listed companies in addition to high liquidity. Investors with long-term horizon achieved substantial returns, which outperformed other investment instruments.

Fund Objective

Asayel is designed to achieve capital growth with exceptional return over the long term (at least three years) exceeding the Fund benchmark. The Bank is managing a diversified portfolio including local shares that comply with the criteria set by the Sharia Board at Bank AlBilad.

Feature of Asayel

Asayel local share fund from Bank AlBilad offers a range of unique features, including, but not limited to, the following:

Investment in Sharia fully compliant Saudi shares

Help grow your funds through investment thereby relieving you from the burden of searching for other investment instruments.

Low commission rates on investment services.

High liquidity investment; you can liquidate your investment holding immediately at any time.

Other Services and Facilities

Regular statement sent to customers.

Subscription available through all Bank AlBilad branches.

Fund Properties

Type of Fund

Open end fund.

Strategy of Fund

Achieve capital growth

Currency of Denomination

Saudi Riyal

Other currencies affecting the Fund

N/A

Risk level

High.

Bench mark

Performance of Sharia compliant Saudi listed shares

Initial unit price

SR 1

Minimum subscription

SR 8000

Maximum additional subscription

SR 2000

Minimum redemption

SR 2000

Subscription fee

2% on each subscription

Valuation price

Applications received before the end of working day of Sunday shall be priced using the next day valuation price (Thursday)

Valuation day

Thursday

Date of announcement

Every Saturday

Date of redemption

Every Saturday following the Thursday on which basis valuation was made

Redemption fee

N/A

Management fee

1.75% p.a.

Fund Manager

Bank AlBilad, represented by Asset Management Division

Definition of Business Day

The days on which Saudi banks open for business.

Subscription Method

All you need is just a visit to one of our branches where one of our employees will be readily available to help you process your subscription in the Fund in a seamless manner that take into consideration your time and the smoothness of your business in an atmosphere of comfort, convenience, care and attention.

Affordable Requirements

Open a current account with Bank AlBilad

Sign Fund Agreement

Complete Fund Subscription Application Form

The customer should be at least 18 years of age. For those below 18, investment can be made under the auspices and supervision of a legal guardian or sponsor.